Oasis is an asset management company in South Africa. It has found that there is a three-in-five chance that a general equity unit trust fund will perform better than the overall JSE share index over any one-year period. Seven general equity unit trust funds are randomly selected from general equity unit trust funds. For 150 general equity unit trust funds, what is the expected number of general equity unit trust funds that will perform better than the overall JSE share index (rounded off to zero decimals)? D. 120 A. 150 B. 50 C. 90

Oasis is an asset management company in South Africa. It has found that there is a three-in-five chance that a general equity unit trust fund will perform better than the overall JSE share index over any one-year period. Seven general equity unit trust funds are randomly selected from general equity unit trust funds. For 150 general equity unit trust funds, what is the expected number of general equity unit trust funds that will perform better than the overall JSE share index (rounded off to zero decimals)? D. 120 A. 150 B. 50 C. 90

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

Explain whether small cap stocks returns are actually normally distributed. Provide 1 example to support your answer.
Describe what statistical tools, methods, and sampling techniques are used in preparing a Company's Cash flow statements?
A poll in June 2020 found that 83% of American parents believe that virtual learning instead of in- person learning widens the equity gap for students. A later poll in October 2020 asked 1025 American parents if they believe virtual learning instead of in- person learning widens the equity gap for students, and found that 820 believe that yes, virtual learning instead of in-person learning widens the equity gap for students. Does this mean that the proportion of American parents, who believe that virtual learning instead of in-person learning widens the equity gap for students, has decreased? Test at the 10% significance level. State the hypotheses. Но: р (? На: р (? Calculate the sample proportion. Round to four decimal places. Calculate the test statistic. Round to two decimal places. Z = Find the p-value. Give to four decimal places. p-value = State your decision. Since the p-value is less than 0.1, fail to reject Ho. Since the p-value is less than 0.1, reject Ho. | Since the…
After post-graduate study, Mike found a job as HR analyst in London. Thecompany is currently recruiting Chief Marketing Officer. The HR departmentrecently sent out a knowledge test to the applicants after the initial CVscreening. At this stage of selection, the company does not invite the lowestscoring 30% (the opposite is the highest 70%.) back for the next face-to-faceinterview. According to the historical data, the test scores on this test arenormally distributed and has a mean of 70 with standard deviation of 10. a.What mark (to the nearest whole number) must a candidate achieve inorder to secure an interview? Show your workings.b. Explain the characteristics of standard normal distribution and normaldistribution, respectively.
Suppose that a South African Broadcasting Corporation (SABC) official wants to conduct a survey in Limpopo to estimate, with 95% confidence, a support for the premier's strategies on economy within 3% error. If the official has initial estimate that 70% of the people in Limpopo support the economic strategies of the premier. How many people should SABC survey?
The averrage gasoline prrice at Chevvron was $3.12 per gallon lastt month. Due to the recent nation-wide gas price drop, the chiief marketing officer of Chevvron believes that there has been a significant reduction in the average gas pricce. In orrder to test hiis belief, he randdomly selected a sample of 36 of Chevvron gas stations and found the average gas price of these stations was $3.06. Assume that the population standard deviation of the population is $0.12, and the significance level (α) is 5%. A. Formmullate the null and the alternative hypotheses: Null: mu ≤ 3.06; Alternative: mu > 3.06 Null: mu = 3.06; Alternative: mu ≠ 3.06 Null: mu ≥ 3.12; Alternative: mu < 3.12 Null: mu = 3.12; Alternative: mu ≠ 3.12 Null: mu ≤ 3.12; Alternative: mu > 3.12 Null: mu ≥ 3.06; Alternative: mu < 3.06 B. Whatt kind of test is this? (Upper-tailed, lower-tailed or two-tailed test) Upper-tailed Two-tailed Lower-tailed C. Findd the test statistic. Is this a z-score or…
Frq styled response
The control department of a light bulb manufacturer randomly picks 4400 light bulbs from the production lot every week. The records show that, when there is no malfunction, the defect rate in the manufacturing process (due to imperfections in the material used) is 1%. When 1.25% or more of the light bulbs in the sample of 4400 are defective, the control unit calls repair technicians for service. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of p, wherep is the proportion of defective light bulbs in a sample of 4400 when there is no ? malfunction. (b) Find the standard deviation of p. (c) Compute an approximation for P(p 2 0.0125), which is the probability that the service technicians will be called even though the system is functioning properly. Round your answer to four decimal places.